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News Briefs

  Av 5, 5771 , 05/08/11

Bill for More Credit Card Transparency

The Knesset approved, this week, the first reading of a bill that would require monthly statements by credit-card companies to clearly show purchases, such as those made by telephone, where the card is not phyiscly presented. The proposal aims to reduce credit-card fraud.

The bill now goes to the Knesset Economics Committee for fine tuning before its final readings in the full Knesset.

Other archived news briefs:Aug 05 2011, 11:29 AM, 8/5/2011